If you know the future, you can decide how to improve the future. That’s what in mind of prediction market pioneer NewsFutures when it launched Bet2Give.com, a new website that lets online bettors compete to raise funds for their favorite causes. It is a real-money prediction market where you grow your account with investments in smart predictions about the future, then give your winnings away to non-profit organizations of your choice.

Because participants cannot profit financially or materially from their successful bets – all the money won or lost eventually goes to non-profit organizations – Bet2Give is obviously not a “gambling” venue.

“By combining the thrill of betting and the reward of giving, Bet2Give delivers a unique and powerful emotional experience. Rather than competing with existing channels of online giving, we are betting that Bet2Give will contribute to enlarge the online fund-raising plate for all sorts of worthy causes that people believe in, all the while providing great entertainment and valuable collective predictions backed up by real money,” said co-founder Emile Servan-Schreiber.

If every online gambling company will donate even 1% of their monthly sales to worthy causes, it might be enough to feed some starving nations! Let’s just hope this will inspire our gamblers to spread the love! Then again, maybe not.

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